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Auction Reveals Strength
Of Local Housing Market

By

Nancy Keates

Updated Jan. 22, 2008 11:59 p.m. ET

Editor's Note: This is the 24th installment of "Teardown Diary," a feature by Wall Street Journal correspondent Nancy Keates. The column details her decision to demolish the Portland, Ore., home where she lives with her family and build anew. In the months ahead, she will chronicle what led to the decision, the financial costs, hiring an architect, knocking down her house, choosing the features of her new home and the final...